Be Well: What April Jobs Report Says About the Economy & Your Money
Marty Cantor, a CPA and economic development consultant, joined Cheddar News to talk about the state of the economy as unemployment claims fall and jobs get addedmonth over month. Cantor noted that the scenario may not be the best for inflation as wages jump simultaneously.
The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, and its officials signaled that they expect to make three quarter-point cuts to their benchmark rate next year.
Eliott Wellenbach, vice president and institutional ETF strategist with Direxion, joined Cheddar News to discuss what traders are expecting from consumer spending ahead of the holidays and how they're positioning themselves following the latest inflation data and mortgage rates.